Plenty of people wear Prada: Profits rise at the fashion house

Italy's Prada Group made an operating profit in its last financial year that exceeded its own forecast thanks to a rise of more than 14 per cent in retail network sales, the fashion house said.

The group, whose designer Miuccia Prada is seen as a trailblazer for fashion worldwide, said that preliminary figures showed its operating profit for the fiscal year ended January 31 improved from the previous year.

Operating profit was better than its own forecasts that it made when its budget was completed, it said.